China’s high-tech companies like Alibaba, Tencent, Xiaomi and Baidu are pushing the country to become a global leader by developing new business models, says Zhejiang University professor Mark Greeven, author of Business Ecosystems in China: Alibaba and Competing Baidu, Tencent, Xiaomi and LeEco to the South China Morning Post.
Category Archives: WeChat
Huge usage of mobile phones, popular internet payment systems and 1.4 billion users are some of the elements that explain why the sharing economy in China is doing so well, says Jeffrey Towson, investment professor at the Peking University at the TV program China Matters.
Online financial institutions like Alibaba’s Ant Financial and Tencent are developing new business models, where they make money on the giant amount of data they collect. Financial authorities are stepping in, for the right reasons, says business analyst Shaun Rein to the China Daily.
Communication in China has changed into a completely different ball game, most Western visitors fail to get. Especially the blurring line between personal and business communication is key to understand, says business analyst Shaun Rein at Knowledge CKGSB. For example for recruiting.
After a killing domestic competition between Alibaba and Tencent, the fintech branches of both take their struggle international. Fintech analyst Matthew Brennan looks in TechNode at the strategies of Alipay and WeChat to conquer foreign markets.
Alibaba’s Ant Financial has been leading the charge in online financial transactions, but Tencent wants to gain back market share by setting up its own credit sharing system. A much needed move, says fintech expert Matthew Brennan to Pymnts.
China is, as the second largest economy, becoming an attractive source of new business ideas, says Shanghai-based VC William Bao Bean. Although the China market itself is a hard one to crack, for startups and larger companies, he tells in WebinTravel.
A decade ago, in China cash was king. But in less than another decade, the same country could be the first fully cashless society, says business analyst Ben Cavender to AFP. Cavender estimates China’s mobile payment market is already 40-50 times larger than the United States
From a cash country, where transactions were done by moving plastic bags with money between bank branches, China has turned into a leading force in fintech or financiel technology. Mobile payment are standard. Bitcoins and blockchain technology found in China early adopters. Social media have – more than anywhere in the world – adopted payment systems to facilitate online trade.
Europe is preparing for the 2018 China-EU Tourism year and the European Parliament invited social media expert Matthew Brennan to Brussels to brief them on the position of WeChat. He explained the committee how to improve Europe’s performance, writes the China-EU newsletter.